Gus Griffin, Accomplished Beverage Alcohol Industry Exec., Brings Extensive
Leadership Experience to Role as New MGP President and CEO
ATCHISON, Kan., July 24, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of
MGP Ingredients, Inc. (Nasdaq:MGPI) today announced the appointment of
beverage alcohol industry executive Gus Griffin as president and CEO of the
company effective July 28.
Gus Griffin - MGP President
Gus Griffin - MGP President
Griffin brings a wealth of marketing and management leadership qualifications
to his role, including significant and progressive experience with
Brown-Forman Corp., where he ultimately served as senior vice president and
global managing director in charge of the company's flagship Jack Daniel's
business. His selection for the top executive post at MGP concludes an
extensive nationwide search to fill this position, which Randy Schrick, vice
president of engineering, and Don Tracy, vice president of finance and CFO,
had shared on an interim basis since December 2013.
"We are very pleased and excited to welcome Gus to our company in such an
important capacity," said MGP Board Chairman Cloud L. "Bud" Cray."We feel
equally fortunate to have found someone who wholeheartedly embraces MGP's
philosophy and culture of teamwork and places a high value on community
support and involvement, as well as effectively meeting customers' needs.Gus'
business credentials and achievements are extraordinarily impressive, and we
have the greatest confidence in his abilities to create added value for all
stakeholders as he leads MGP into the future.While his multiple talents have
primarily been focused on the development and execution of beverage alcohol
growth strategies, we are certain his expertise will not only greatly benefit
our distilled spirits business, but our ingredients business segment as well."
Griffin most recently spent a year as executive vice president of marketing
for Next Level Spirits, a northern California-based producer, importer and
distributor of premium wine and spirits brands.His responsibilities in that
position included establishing strategic planning disciplines and spearheading
all aspects of corporate, consumer and trade marketing.Just prior to that,
between 2011 and 2013, Griffin served as brand and business consultant for
Nelson's Green Brier Distillery, Nashville, Tenn., where he performed a key
advisory role in that company's development and launch of Belle Meade Bourbon.
"I am excited to join MGP and to have the opportunity to help shape the next
stage of the company's proud history," Griffin said."MGP has a rich heritage,
a strong reputation for quality and innovation, and all areas of the business
have significant growth potential.I am impressed with the level of passion
and commitment of the employees and board members and look forward to working
with them to drive long-term growth."
Griffin's career with Brown-Forman, a leading global wine and spirits company
with annual sales of approximately $4 billion, spanned 24 years.He joined
that company, headquartered in Louisville, Ky., as a merchandising
representative in 1987 and later moved into sales management.From 1990 to
1997, he advanced through a series of increasingly important brand management
roles in Brown-Forman's U.S. marketing organization.His brand assignments
included Old Forester Bourbon, Southern Comfort Liqueur, Southern Comfort
Cocktails, Jack Daniel's Beer and Early Times Kentucky Whiskey.
In 1997, Griffin was named vice president and managing director of
Brown-Forman's Pacific Region, relocating to Sydney, Australia, to lead all
aspects of this multi-million dollar operating unit. Chief among his
responsibilities was driving profitable results through the oversight of
marketing, sales, finance and production.He returned to the company's
headquarters in Louisville in 2001, assuming responsibility for the Jack
Daniel's brand for the Asia Pacific Region.Within a year, he was appointed to
serve as vice president and managing director for West Main Interactive, a
wholly-owned subsidiary of Brown-Forman in the digital and relationship
Griffin's accomplishments led to his being named vice president and regional
director for Brown-Forman's Southern Europe operating unit that encompassed
Spain, Portugal, France, Belgium, Italy and Greece.During his two years in
this role, he led the successful turnaround of this business unit,
significantly growing the region's profitability.
With a promotion to senior vice president and global managing director for the
company's Southern Comfort brand in 2007, Griffin returned to Brown-Forman's
headquarters to lead a worldwide marketing team and ensure alignment between
brand strategies and marketing practices.He transitioned to senior vice
president and global managing director for the Jack Daniel's brand franchise
in 2008, leading all facets of building this brand worldwide over the
following three years.
Griffin is a native of central Pennsylvania and was educated at the College of
William and Mary, Williamsburg, Va., where he received a bachelor of arts
degree in economics in 1982 and a master's degree in business administration
in 1987.He is a past board member of Hartmann Luggage, a former subsidiary of
About MGP Ingredients, Inc.
MGP is a leading independent supplier of premium spirits, offering flavor
innovations and custom distillery blends to the beverage alcohol industry. The
company also produces high quality food grade industrial alcohol and
formulates grain-based starches and proteins into nutritional and highly
functional ingredients for the branded consumer packaged goods industry.The
company is headquartered in Atchison, Kansas, where a variety of distilled
alcohol products and food ingredients are manufactured.Distilled spirits are
also produced at company facilities in Lawrenceburg, Indiana. For more
information, visit mgpingredients.com.
A photo accompanying this release is available at
CONTACT: Shanae Randolph, 913.367.1480
Steve Pickman, 913.367.1480
MGP Ingredients, Inc. Logo
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